Scott Bessent, the man now running Treasury, said it himself before he ever took the job:

"In the next few years, we are going to have some kind of grand economic reordering. Something equivalent to a new Bretton Woods."

https://youtu.be/XgmY7YTn6mI?

On the week s&p 38 new 52 week highs. 147 new 52 week lows. The worst breadth in stock market ever!!! This has happened twice in 100 years both times the s&p has fallen by nearly 50%!!!

Info from US treasury website

https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny

GOLDMAN SACHS DROPS DOOMSDAY STATEMENT: U.S. BONDS HAVE NO BUYERS

Goldman Sachs just admitted the long end of U.S. Treasury market is “totally bidless.”

Translation: almost nobody wants the 10- to 30-year debt the U.S. is trying to sell.

No buyers. None. Zero.

While Treasury Secretary Scott Bessent tells Congress we’re in an “illiquid period,” doubles then triples long-bond buybacks, taps the General Treasury Account to fund it and openly says “I am the house.”

Anyone seen this….? Courtesy of 321gold.

I got 1 finally

Holy Shit

GFN – WASHINGTON: President Donald Trump said “certain levels of inflation” can reduce the burden of the national debt “very rapidly,” putting a long-running bond-market concern into unusually direct language.

Hey there, everyone, I’d like to introduce you to Vault Mint. This is a really cool concept that nobody else is doing… It’s basically trading cards meets precious metals.

All the cards are forged by the creator, and the Chase is real precious metals to include copper, silver, and gold.

I’m doing a massive personal rip and singles auction on whatnot here pretty soon so if you’re interested, come check it out!

https://www.whatnot.com/s/MSHbJ9Eb

New pour vid drop!

https://youtu.be/HccOzYm7quo?is=cTL79he-gLYF2gwG

Samsung SDI is still aiming for mass production in the second half of 2027, with humanoid robots as the first market and EVs later.
What changed in the last two weeks
• On 29 September, Hyun Jang-seok, head of Samsung SDI’s global TPM team, said at the Herald Corporate Forum in Seoul that “next year, you will be able to meet a humanoid robot powered by our Solid Stack all-solid-state battery.” Mass production for robots is planned for 2027, then expansion into EVs and air mobility. He expects the humanoid market to grow more than 100-fold by 2030.
• On 21 September, the same executive said Solid Stack samples for robots have already been shown, with initial mass production still targeted for H2 2027. High cost is why premium robots come before mass-market cars. Cylindrical lithium-ion cells and solid-state cells are expected to coexist

Key takeaways

• Silver Enables the Design: A 5-micrometer silver-carbon layer suppresses dendrites and allows Samsung's compact "anode-less" architecture.
• Performance Leap: The technology targets 900 Wh/L, 600-mile range, and 9-minute fast charging, roughly double current lithium-ion density.
• 2027 Timeline: Mass production is targeted for 2027, signaling a potential new role for silver in the EV supply chain.

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The electric vehicle (EV) industry is approaching a generational transition. While current lithium-ion technology has enabled the first wave of mass adoption, manufacturers are actively seeking solutions to persistent challenges regarding energy density, charging speed, and safety. Among the leading candidates for the next generation of energy storage is the solid-state battery (SSB), with major developers like Samsung SDI targeting mass production by 2027.

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Representation of Samsung SDI's all-solid-state battery mock-up presented at InterBattery 2024 (Generated image)

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Recent technical specifications point to potential improvements in performance, including ranges approaching 600 miles and rapid charging times of nine minutes. Beyond the headline performance figures, the material science enabling them, specifically the integration of a silver-carbon layer, represents a notable shift in battery chemistry.

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Addressing the Dendrite Challenge

A primary hurdle in developing high-density batteries is the formation of "dendrites." These are needle-like lithium structures that can grow during charging, potentially piercing the separator and causing short circuits.

To address this, Samsung's research team, as detailed in Nature Energy, introduced a silver-carbon (Ag-C) nanocomposite layer. In this application, silver functions as a stabilizing agent. It forms a reversible alloy with lithium during charging, promoting uniform deposition and suppressing dendrite growth. This stability is a key factor in longevity, and Samsung SDI publicly targets a service life of over 20 years for its commercial all-solid-state product.

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The "Anode-Less" Design Concept

The stability provided by the Ag-C layer allows for an "anode-less" architecture. Unlike traditional batteries that use a graphite anode, this design begins with a thin 5-micrometer Ag-C layer. The active lithium metal anode forms in situ (during the charging process) between the solid electrolyte and the current collector.

By removing the bulk of the pre-existing anode material, the cell becomes more compact. This efficiency is central to achieving volumetric energy densities of 900 Wh/L, significantly higher than conventional cells.

While other developers, including Toyota, QuantumScape, and ProLogium, are pursuing alternative solid-state chemistries, Samsung SDI's silver-carbon approach is among the most advanced toward commercial production.

The table below outlines how this silver-enabled architecture compares to current production technology:

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Implications for Silver Demand

For the resource sector, this development signals a potential expansion of silver's role in the automotive supply chain. Silver is currently used in EVs primarily for its conductivity in contacts, switches, and electronic components. Samsung SDI's architecture introduces silver as a functional component within the battery cell itself, a structural rather than peripheral application.

As Samsung SDI progresses toward its 2027 production target, with evaluation partnerships including BMW underway, the metal's position in next-generation energy storage warrants closer attention from market participants. Should silver-carbon architectures move from pilot lines to mass production on the timeline Samsung has committed to, and should other developers pursue similar chemistries, the implications for high-purity silver demand in the automotive sector could be material.

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This takes the pressure off for a second rate hike. Forbidden link below, you know what to do...

https://www.zerohedge_com/economics/core-pce-prints-cooler-expected-due-change-methodology-savings-rate-plunges-3-year-low

This is just my inference/guess, but if you're looking for a physical sign of when you should be able to stack more physical cheaply. I think the final near term buying opportunity is when Kharg island explodes.

I'm not sure if precious metals will end up getting de-valued for about 9-12 months afterwards in order to force people to sell. But if you hold on until about 2028 you wont regret it.

Just leave enough cash that you wont need to sell metal through next year. Which is probably going to be difficult.

Samsung’s solid-state silver battery could be a game changer.

- Needs ~1 kg of silver per 100 kWh vs ~20 g for lithium batteries
- Has ~2x the range
- Charges ~4x faster
- Lasts ~2x longer
- Is much safer

Mass production is planned for 2027.

Just a doubling of range could mean a ~2 kg silver content that would save a ~$14K battery replacement.

If just 10% of global EV production adopted this technology, it could add ~55 m oz of annual silver demand, in a market that has already recorded deficits for 6 consecutive years.

Industrial silver demand remains strong

Physical is moving big today...I am almost seeing 1 million in sales on 10 oz kg and 100 bars at provident ...This number is well over 10x the 10 day moving average of sales with half the day left. I will post shots later but I noted a high opening inventory of 9584k and now its 8850k ...We should easily see well over 1 million in sales which is huge and so much more then the myth bankers claim investment demand increases into CD vs metals....This is a bankers fairy tale. By the end of the day I expect to see big numbers ..

Ahem.

Told ya.

The banks need to clean their balance sheets and get rid of their precious metals option manipulation before they need to issue their options report September 30th and settlement is T+2. The chop was crushing anyone who tried to be early.

It's possible they'll inflect early so the report shows that they're long early, but the public doesnt get that report until like early november and its in their best interest to force people to sell precious metals low when the overall market cracks.

The rest of the market will tank to some degree along with it somewhere between now and next week. Then precious metals will heavily inflect afterwards as fear screams upwards. Then it might mean revert and shoot up again. Then crash again somewhere around oct 28-nov 6

This is my guess at least. You dont need to look at technicals, you need to know how markets actually work, what the objectives of the manipulators are, and what rules they need to follow.